Section 150 Obligation to furnish information return, of CGST Act, 2017

 

 

Sec 150 of CGST Act, 2017 Obligation to furnish information return

 

The below post explains about Obligation to furnish information return under section 150 of CGST Act,2017.

 

Section 150 of CGST Act, 2017 explains Obligation to furnish information return as below: (The amendments if any will also be updated here soon).

 

The extract of Section 150 of CGST Act,2017 quoted below:

 

150 Obligation to furnish information return

 

150. (1) Any person, being—

(a) a taxable person; or

(b) a local authority or other public body or association; or

Section 150 Obligation to furnish information return, of CGST Act, 2017(c) any authority of the State Government responsible for the collection of value

added tax or sales tax or State excise duty or an authority of the Central Government

responsible for the collection of excise duty or customs duty; or

(d) an income tax authority appointed under the provisions of the Income-tax

Act, 1961; or

(e) a banking company within the meaning of clause (a) of section 45A of the

Reserve Bank of India Act, 1934; or

(f) a State Electricity Board or an electricity distribution or transmission licensee

under the Electricity Act, 2003, or any other entity entrusted with such functions by

the Central Government or the State Government; or

 


(g) the Registrar or Sub-Registrar appointed under section 6 of the Registration

Act, 1908; or

(h) a Registrar within the meaning of the Companies Act, 2013; or

(i) the registering authority empowered to register motor vehicles under the

Motor Vehicles Act, 1988; or

(j) the Collector referred to in clause (c) of section 3 of the Right to Fair

Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement

Act, 2013; or

(k) the recognised stock exchange referred to in clause (f) of section 2 of the

Securities Contracts (Regulation) Act, 1956; or

(l) a depository referred to in clause (e) of sub-section (1) of section 2 of the

Depositories Act, 1996; or

(m) an officer of the Reserve Bank of India as constituted under section 3 of the

Reserve Bank of India Act, 1934; or

(n) the Goods and Services Tax Network, a company registered under the

Companies Act, 2013; or

(o) a person to whom a Unique Identity Number has been granted under

sub-section (9) of section 25; or

(p) any other person as may be specified, on the recommendations of the Council,

by the Government,

who is responsible for maintaining record of registration or statement of accounts or any

periodic return or document containing details of payment of tax and other details of transaction

of goods or services or both or transactions related to a bank account or consumption of

electricity or transaction of purchase, sale or exchange of goods or property or right or

interest in a property under any law for the time being in force, shall furnish an information

return of the same in respect of such periods, within such time, in such form and manner and

to such authority or agency as may be prescribed.

(2) Where the Commissioner, or an officer authorised by him in this behalf, considers

that the information furnished in the information return is defective, he may intimate the

defect to the person who has furnished such information return and give him an opportunity

of rectifying the defect within a period of thirty days from the date of such intimation or

within such further period which, on an application made in this behalf, the said authority

may allow and if the defect is not rectified within the said period of thirty days or, the further

period so allowed, then, notwithstanding anything contained in any other provisions of this

Act, such information return shall be treated as not furnished and the provisions of this Act

shall apply.

(3) Where a person who is required to furnish information return has not furnished the

same within the time specified in sub-section (1) or sub-section (2), the said authority may

serve upon him a notice requiring furnishing of such information return within a period not

exceeding ninety days from the date of service of the notice and such person shall furnish

the information return.

 

The above information clarifies about Obligation to furnish information return under section 150 of CGST Act,2017.  

 

If you have any comments about Section 150 of CGST Act, 2017 explaining Obligation to furnish information return, share below your thoughts:

 

 

Click here to know GST rate of your goods or service

 

GST Exemption list of goods and services

Find HSN number or Service tariff code for GST

GST registration guidelines

Indian GST Laws

How to export your goods?

How to export goods from India?

Learn GST in regional language

Export benefit schemes in India

How to import goods to India?

Manner of recovery of credit distributed in excess, CGST Act,2017 

Persons not liable for registration CGST Act, 2017 

CGST Act, 2017 Procedure for registration 

Deemed registration, CGST Act, 2017

Amendment of registration CGST Act, 2017

CGST Act, 2017 Cancellation of registration

CGST Act,  Tax invoice 

Amount of tax to be indicated in tax invoice and other documents

 

GST rate for Fruits sales and nut sales in India 

GST rate for Coffee and Tea in India 

GST for Rice, Oats, Millets, Maize etc. 

GST for Milling industry products in India 

GST for oil seeds and medicinal plants in India 

GST rate for sale of Gums, resins, lacs etc. 

GST rate for Vegetable Plaiting Materials 

 

Export procedures and documentation

Types of Challan in GST payments

Process of GST returns

GST Annual Return (GSTR-8)

GST Return for Casual and Non-Resident Taxpayers

Short filing of GST returns

Non filing and Late filing of GST returns

Revision of GST Return

Where to file GST returns?

GST returns for Input Service Distributor (ISD)

What is packing credit in export business?
Difference between standard dry container and Open Top Container      

Transferability of Bill of Lading

Transhipment - A redefinition                                                    

Travelers to India under import duty exemption, Frequently Asked Questions Part 2 

Triangular export

Triangular shipment

 Types of Insurance Documents.

What is Provisional Assessment in Import formalities in India?

 What is said to contain in Bill of Lading.


Comments


Nazareneconstructions: we had the GST number but uploaded datas are deleted in dash board we can not get the Returns option

Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers